Absolutely adorable Sigma Pi Fraternity Spring Formal compact.

Wikipedia identifies this fraternity as a secret and social collegiate fraternity… Which, if it is the same chapter, might explain the extravagant nature of goodies handed out at their dances.

[When you start a good Swing Era collection you hope you can find a splendid example of a lady's compact... this one hit the jackpot as it's not just a metal compact but a dated giveaway from a dance. It doesn't get any better than that!]